State guides · New Mexico
Form an LLC in New Mexico.
New Mexico stands out because LLCs file no annual report, making it one of the least expensive states to maintain.
Key figures
| Formation fee (state) | $50 |
| Annual requirement | No annual report for LLCs. Only the registered agent must be maintained. |
| Processing time | Usually a few business days for an online filing. |
| First year with ClicGlow Starter | $347 ($297 + state fees) |
Strengths
- $50 formation fee
- No annual report for LLCs
- Recurring costs limited to the registered agent renewal
Things to watch
- Less known to banks and partners than Wyoming or Delaware
- Federal requirements (Form 5472, etc.) still apply
- If you operate in another state, registration may be required there
FAQ: New Mexico
Why is New Mexico so inexpensive?
The state does not ask LLCs for an annual report. So there are no annual state fees, only the cost of the registered agent.
Do my federal requirements change?
No. IRS filings depend on your structure, not on the state of formation.
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